Landsea Homes

Landsea Homes Corp. provides building construction services. It has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.

Earnings data Q2 2021

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Landsea Homes reports mixed Q1 performance, eyes expansion opportunities

Landsea Homes Corporation's Q1 2023 performance reflects a mixed picture, with strong net new orders and improved selling conditions, but a decrease in homebuilding revenue. The company's expansion plans and improved cancellation rate in April present opportunities for future growth. However, challenges in the private builder market and revenue generation need to be addressed.

Landsea Homes reports $4.9M net income, eyes growth in high-growth markets

Landsea Homes Corporation reported a net income of $4.9 million for Q2 2023, driven by strong home closings and solid profitability. The company is strategically focused on increasing market share in high-growth markets and has successfully raised $250 million in capital. However, challenges related to rising lumber costs and managing profit opportunities from buyer option selections persist. Anticipated first home deliveries in Texas and progress in Austin present promising growth opportunities.

Landsea Homes reports robust Q3 performance and expands market presence

Landsea Homes delivered robust financial performance, marked by strong revenue, margin, and net income growth. The acquisition of Richfield Homes and the substantial increase in net new orders demonstrate the company's expansion and market strength. While challenges may arise from increased order activity and operational targets, Landsea's strong liquidity and improved building conditions position it well for future growth and efficiency gains.

Landsea Homes exceeds Q4 profit targets, eyes growth in 2024

Landsea Homes delivered strong profitability in Q4 2023, surpassing expectations, and anticipates growth in 2024 driven by Colorado and DFW segments. Despite challenges in home sales revenue, the company aims to enhance efficiency and maintain gross margins. Opportunities lie in meeting buyer demand through quick move-in options and focusing on key markets.

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Landsea Homes Corp. provides building construction services. It has developed homes and communities in California, Metro New York, Boston, New Jersey, Arizona, Florida, and Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.

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New gated community will be called Circlestone High Performance single-story and two-story homes to begin selling next year MESA, Ariz. , April 18, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 90 homesites in Mesa, Arizona for a new community called Circlestone.

LANDSEA HOMES CLOSES ON 90 HOMESITES FOR A NEW COMMUNITY IN MESA, ARIZONA

Under Landsea Elements financial services offerings, Landsea Homes (LSEA) launches Landsea Insurance Agency, which offers end-to-end support to its homebuyers.

Landsea Homes (LSEA) Unveils New Offering Under Landsea Elements

-          Services provide end-to-end support for company's homebuyers -          Landsea Insurance Agency is the newest offering, in addition to existing services, Landsea Mortgage and Landsea Title DALLAS , April 16, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the launch of its Landsea Elements exclusive financial services, which provide end-to-end support for the company's homebuyers. "Our extensive array of financial services under Landsea Elements was created so that our homebuyers experience consistency throughout the homebuying process by working with knowledgeable and skilled team members every step of the way," said Mike Forsum, President and Chief Operating Officer of Landsea Homes.

LANDSEA HOMES LAUNCHES 'LANDSEA ELEMENTS' EXCLUSIVE FINANCIAL SERVICES FOR HOMEBUYERS

Spring Valley will feature a ttainably priced High Performance Homes in northeastern Boulder County Collection of paired homes designed for first-time and move-up buyers  LONGMONT, Colo. , April 15, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 28 homesites in the Spring Valley master-planned community in Longmont, Colorado.

LANDSEA HOMES CLOSES ON 28 HOMESITES IN LONGMONT, COLORADO

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Charts indicate the boom in homebuilding stocks is over, or at least pausing.

Homebuilder Rally Faces Reckoning As Stocks Bog Down — Should Investors Sell?

DALLAS, April 10, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the first quarter of 2024 before the market opens on Wednesday, May 1, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules First Quarter 2024 Earnings Release and Conference Call

Industry-leading High Performance Home program included at no additional cost in all currently selling and future planned communities across Colorado  Homebuyers can experience smart home automation features at Pintail Commons and Inspirada Grand Opening celebrations on April 13 and 14 Attainably priced homes beginning in the high-$300ks  DENVER , April 8, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, has brought its highly acclaimed and industry leading High Performance Home program to all currently selling and future planned new home communities in Colorado. Homebuyers will have an opportunity to experience the High Performance Home features in action at two upcoming grand opening celebrations for Inspirada at Prairie Center Village in Brighton, consisting of all-electric paired homes, and Pintail Commons at Johnstown Village in Johnstown, consisting of modern single-family homes, on Saturday, April 13 and Sunday, April 14 from 10 a.m.

LANDSEA HOMES LAUNCHES HIGH PERFORMANCE HOME PROGRAM IN COLORADO; CELEBRATES GRAND OPENINGS FOR TWO NEW COMMUNITIES

Jared Wilken, a Local Homebuilding Executive Brings Expertise to Company's Florida Division ORLANDO, Fla. , April 4, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Jared Wilken has joined the company's Florida division to serve as the new Vice President of Land.

LANDSEA HOMES ANNOUNCES NEW VICE PRESIDENT OF LAND FOR ITS FLORIDA DIVISION

Landsea Homes (LSEA) expands its homebuilding footprints into 13 cities with the acquisition of Antares.

Landsea Homes (LSEA) Expands Texas Reach With Antares Buyout

Texas Homebuilding Executive to Oversee Region DALLAS , April 3, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Melissa Kelly has been named President of the company's new Dallas-Fort Worth Division, created when Landsea Homes acquired Antares Homes. "Melissa brings more than two decades of homebuilding experience with the Dallas-Fort Worth housing market and is well equipped to guide the introduction of Landsea Homes to this important region," said Mike Forsum, president and chief operating officer, Landsea Homes.

LANDSEA HOMES NAMES MELISSA KELLY PRESIDENT OF DALLAS-FORT WORTH DIVISION

Acquisition Expands Homebuilding Footprint  into 13 Cities, Including Dallas/Fort Worth Metropolitan Area Transaction Adds 2,254 of Owned or Controlled Lots to Landsea Homes' Portfolio "Continues Company Goal Toward Becoming One of Texas' Top Homebuilders" DALLAS , April 2, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has completed its previously announced acquisition of Antares Homes, a Dallas-Fort Worth based homebuilder, for approximately $242.5 million (subject to certain customary post-closing adjustments) in cash, which includes repayment of an anticipated $43.2 million of Antares Homes debt. "We are very pleased to finalize this transaction and significantly expand our presence in Texas," said John Ho, Chief Executive Officer of Landsea Homes.

LANDSEA HOMES CLOSES ACQUISITION OF DFW-BASED ANTARES HOMES

Landsea Homes now has 1,006 lots in the Wildera master-planned community Attainably priced High Performance Homes with first-time and move-up buyers in mind Homes in the first phase will begin selling in April PINAL COUNTY, Ariz. , March 21, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 545 additional homesites at the Wildera master-planned community in Pinal County, Arizona, with JEN Partners as its land banker.

LANDSEA HOMES CLOSES ON 545 ADDITIONAL LOTS AT WILDERA IN PINAL COUNTY, ARIZONA

DALLAS, March 19, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today that it has priced its previously announced offering (the “Offering”) of $300,000,000 of 8.875% Senior Notes due 2029 (the “Notes”). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by all of the Company's material wholly owned subsidiaries as of their issuance (the “Guarantors”) and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company and Guarantors. The Offering is expected to settle on or around April 1, 2024, subject to customary closing conditions.

Landsea Homes Announces Pricing of Private Offering of Senior Notes

DALLAS, March 18, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today that it intends to offer $300,000,000 aggregate principal amount of senior notes due 2029 (the “Notes”), subject to market conditions and other factors. The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by all of the Company's material wholly owned subsidiaries as of their issuance (the “Guarantors”) and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company and Guarantors.

Landsea Homes Announces Commencement of Private Offering of Senior Notes

DALLAS, March 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the closing of its previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”), of 2,434,783 shares of the Company's common stock, at a price of $11.60 per share (before underwriting discounts and commissions), and the full exercise by the underwriters of their option to purchase an additional 365,217 shares the Company's common stock (the “Offering”). B. Riley Securities and BofA Securities acted as joint bookrunning managers in the Offering. BTIG and Wedbush Securities acted as co-managers in the Offering.

Landsea Homes Announces Closing of Secondary Common Stock Offering

Coming Soon, Parkton Square will Consist of 210 New High Performance Homes in Desirable City Close to Downtown Austin Single-Family Homes and Attached Condos Located at the Gateway of Texas Hill Country KYLE, Texas , March 7, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today it has begun development on a brand new community of 210 homes in Kyle, Texas called Parkton Square. "Kyle is one of the fastest growing cities in the country, and we are pleased to bring more opportunities for homebuyers to live in their element at Parkton Square," said Vince Ruffino, Texas Division President, Landsea Homes.

LANDSEA HOMES BEGINS DEVELOPMENT ON NEW COMMUNITY IN KYLE, TEXAS

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today the pricing of the previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”) of 2,434,783 shares of the Company's common stock, at a price of $11.60 per share (before underwriting discounts and commissions) (the “Offering”). The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 365,217 additional shares of the Company's common stock. The Offering is expected to close on March 8, 2024, subject to the satisfaction of customary closing conditions.

Landsea Homes Announces Pricing of Secondary Common Stock Offering

DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that its largest stockholder, Landsea Holdings Corporation (the “Selling Stockholder”), has commenced a secondary offering of 2,434,783 shares of the Company's common stock (the “Offering”). The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 365,217 shares of common stock.

Landsea Homes Announces Secondary Common Stock Offering

Landsea Homes Corporation (LSEA) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Landsea (LSEA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Landsea (LSEA) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

DALLAS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the fourth quarter and full year ended December 31, 2023. For the quarter, the Company reported pretax income of $18.8 million, net income of $12.5 million, or $0.33 per diluted share and adjusted net income (a non-GAAP measure) of $16.1 million or $0.43 per diluted share. For the full year, pretax income was $44.5 million, net income was $29.2 million, or $0.75 per diluted share and adjusted net income was $47.9 million or $1.22 per diluted share.

Landsea Homes Reports Fourth Quarter and Full Year 2023 Results

DALLAS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the fourth quarter of 2023 before the market opens on Thursday, February 29, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Shares of Chinese developer Landsea Green Management 106, +33.90% rose after the company said its Nasdaq-listed unit will buy a Texas homebuilder for $185 million.

Shares of China's Landsea Green rise on plan to buy Texas homebuilder for $185 million

New homesites are an extension of Landsea Homes' existing Skye Ridge at Victory neighborhood Single-family and duplex homes will include High Performance Home features and multiple customization options BUCKEYE, Ariz. , Jan. 31, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, today announced it has closed on 145 new homesites in Victory at Verrado, a 55+ active adult neighborhood in the Verrado master-planned community located in scenic Buckeye, Arizona.

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